What is ProGlove?
Founded in 2014, ProGlove has established itself as a leader in the industrial wearable space, primarily known for its MARK series of scanners, including the MARK 2 mid-range and standard-range devices. These tools are engineered to streamline workflows in high-volume environments, such as warehouses and assembly lines, by providing ergonomic, hands-free scanning capabilities. By integrating wearable technology into the daily operations of industrial workers, ProGlove effectively bridges the gap between manual labor and digital data capture, driving efficiency and reducing error rates in complex supply chain ecosystems.
How much funding has ProGlove raised?
ProGlove has raised a total of $82.2M across 3 funding rounds:
Series A
$2.2M
Private Equity
$40M
Other Financing Round
$40M
Series A (2016): $2.2M with participation from Intel Capital and Bayern Kapital
Private Equity (2019): $40M led by Summit Partners
Other Financing Round (2022): $40M supported by Summit Partners
Key Investors in ProGlove
Summit Partners
Founded in 1984, Summit Partners is an equity investment company that invests in entrepreneurial companies. They are headquartered out of Boston, Massachusetts.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies.
Bayern Kapital
Bayern Kapital is a leading venture capital investor in Bavaria, focusing on innovative, technology-oriented startups and companies across various sectors including High-Tech, DeepTech, and Life Sciences.
What's next for ProGlove?
Looking ahead, the strategic deployment of this capital will likely focus on deepening the integration of ProGlove's hardware with enterprise software suites, enhancing the predictive analytics capabilities of their wearable ecosystem. As the industrial sector undergoes a rapid digital transformation, the company is poised to capitalize on the increasing demand for IoT-enabled devices that provide real-time visibility into operational performance. Future growth will likely involve scaling international distribution channels and refining the next generation of wearable interfaces to meet the evolving needs of Industry 4.0, ensuring that ProGlove remains at the forefront of the industrial wearable market.
See full ProGlove company page
